EUR/USD Reverses Sharply in Second Largest Range of Year
Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0
-“It is possible that an ending diagonal is underway from the November low. If that plays out, then the market will trade above 1.3966 (and most likely above 1.4000) before topping.” While there are other wave structure possibilities, today’s action certainly ‘fits’ with how ending diagonals often resolve. That is, the reversal is sudden and sharp.
LEVELS: 1.3753 1.37731.3811 | 1.3882 1.3908 1.3951
--Trading specifics (setups with entries, stops, targets) are availabletoJ.S. Trade Desk members.
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